Analysts Anticipate The Rubicon Project, Inc. (RUBI) Will Post Earnings of -$0.18 Per Share

Analysts predict that The Rubicon Project, Inc. (NYSE:RUBI) will report earnings of ($0.18) per share for the current quarter, Zacks reports. Three analysts have provided estimates for The Rubicon Project’s earnings, with the lowest EPS estimate coming in at ($0.29) and the highest estimate coming in at ($0.06). The Rubicon Project reported earnings of $0.37 per share during the same quarter last year, which suggests a negative year over year growth rate of 148.6%. The firm is scheduled to report its next earnings report on Tuesday, March 13th.

On average, analysts expect that The Rubicon Project will report full year earnings of ($2.36) per share for the current fiscal year, with EPS estimates ranging from ($2.55) to ($2.16). For the next financial year, analysts forecast that the business will post earnings of ($0.81) per share, with EPS estimates ranging from ($1.17) to ($0.45). Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for The Rubicon Project.

The Rubicon Project (NYSE:RUBI) last issued its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.02). The Rubicon Project had a negative net margin of 77.31% and a negative return on equity of 9.23%. The business had revenue of $35.20 million during the quarter, compared to analyst estimates of $39.38 million. During the same quarter in the prior year, the firm posted $0.20 earnings per share. The Rubicon Project’s revenue for the quarter was down 41.9% compared to the same quarter last year.

Several equities analysts recently issued reports on RUBI shares. B. Riley reiterated a “neutral” rating and issued a $5.00 price objective on shares of The Rubicon Project in a research report on Wednesday, August 2nd. Needham & Company LLC reiterated a “hold” rating on shares of The Rubicon Project in a research report on Thursday, August 24th. ValuEngine lowered The Rubicon Project from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Finally, Citigroup decreased their price objective on The Rubicon Project from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Tuesday, September 26th. Two analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $5.61.

A number of large investors have recently added to or reduced their stakes in the business. Algert Global LLC acquired a new position in The Rubicon Project during the 3rd quarter worth approximately $794,000. Cubist Systematic Strategies LLC boosted its position in The Rubicon Project by 308.5% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 39,706 shares of the software maker’s stock worth $154,000 after acquiring an additional 29,985 shares during the last quarter. Highbridge Capital Management LLC boosted its position in The Rubicon Project by 34.3% during the 3rd quarter. Highbridge Capital Management LLC now owns 117,621 shares of the software maker’s stock worth $458,000 after acquiring an additional 30,014 shares during the last quarter. Sessa Capital IM L.P. boosted its position in The Rubicon Project by 76.5% during the 3rd quarter. Sessa Capital IM L.P. now owns 2,262,748 shares of the software maker’s stock worth $8,802,000 after acquiring an additional 980,420 shares during the last quarter. Finally, Royce & Associates LP boosted its position in The Rubicon Project by 154.7% during the 3rd quarter. Royce & Associates LP now owns 234,817 shares of the software maker’s stock worth $913,000 after acquiring an additional 142,617 shares during the last quarter. 62.95% of the stock is owned by hedge funds and other institutional investors.

Shares of The Rubicon Project (RUBI) traded down $0.04 on Thursday, hitting $1.80. The company had a trading volume of 875,603 shares, compared to its average volume of 693,190. The Rubicon Project has a 1-year low of $1.77 and a 1-year high of $9.16.

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About The Rubicon Project

The Rubicon Project, Inc offers a technology solution to automate the purchase and sale of advertising for buyers and sellers. The Company’s solution enables buyers and sellers to purchase and sell a range of advertising units, including display and video; utilizing various inventory types, including direct sale of inventory and real-time bidding (RTB), and across digital channels, including mobile Web, mobile application and desktop, as well as across various out of home channels, such as digital billboards.

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